George Fotion's Market Report

Redondo Beach, CA 90277

Single-Family Homes

Call Realty | www.BestPalosVerdesHomes.com | 310.346.6467



Redondo Beach, CA 90277

Thu Jan 17 2019
This week the median list price for Redondo Beach, CA 90277 is $1,497,000 with the market action index hovering around 43. This is an increase over last month's market action index of 41. Inventory has held steady at or around 22. Click here to stay informed with the Redondo Beach market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Redondo Beach, CA 90277

Thu Jan 17 2019
This week the median list price for Redondo Beach, CA 90277 is $1,497,000 with the market action index hovering around 43. This is an increase over last month's market action index of 41. Inventory has held steady at or around 22. Click here to stay informed with the Redondo Beach market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Redondo Beach market.
Median List Price $1,497,000
Per Square Foot $775
Days on Market 120
Price Decreased 73%
Price Increased 9%
Relisted 9%
Inventory 22
Median House Rent $4,200
Most Expensive $13,700,000
Least Expensive $795,000
Market Action Index
Slight Seller's Advantage
43

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$2,795,000 3,672 6,500 - 8,000 sqft 5 4 46 1 0 191
$1,888,888 2,743 6,500 - 8,000 sqft 4 2 64 0 0 135
$1,370,250 1,767 4,500 - 6,500 sqft 4 2 70 0 1 93
$847,000 794 4,500 - 6,500 sqft 2 0 67 2 0 75